Yokoy Competitive Intelligence & Landscape

Perk (perk.com) is an intelligent platform designed to automate travel, expenses, and policies, aiming to eliminate "shadow work" for businesses. The company was born from the acquisition of Yokoy by TravelPerk. While TravelPerk was founded 10 years ago, Yokoy was founded in Switzerland in 2019 by experienced business professionals and scientists. In late 2025 and early 2026, existing TravelPerk and Yokoy accounts will migrate to the unified Perk platform, which officially becomes Perk on November 4, 2025 [Source: https://support.perk.com/hc/en-us/articles/23234895094172-Say-hi-to-Perk]. This integration allows Perk to offer a comprehensive, unified travel and expense management solution, serving thousands of global teams [Source: https://perk.com/]. The company's mission is to free up employees from repetitive, time-consuming administrative tasks, enabling them to focus on impactful work [Source: https://www.perk.com/company/].

Perk's core products and services encompass a full suite of features for travel and spend management. For travel, it offers booking for flights, rail, accommodation, and car rentals, along with features like travel alerts, policy enforcement, duty of care, centralized invoicing, VAT recovery, and 24/7 support. Spend management features for Europe include expense management, invoice processing, and various Perk Card options. The platform also includes AI in spend management and workflow designers. While the primary target market is businesses of all sizes, the company actively seeks partnerships and integrations to expand its reach, particularly to small and medium-sized businesses (SMBs) [Source: https://www.perk.com/partners/]. Case studies, such as those with MCI Group and HUBER+SUHNER, highlight the platform's ability to significantly reduce expense processing time for companies with thousands of employees across numerous global locations [Source: https://www.perk.com/uk/case-studies/5000-hours-saved-how-yokoy-redefined-mci-group-s-financial-management/].

The company has demonstrated significant growth and financial backing.

Perk (formerly Yokoy) successfully raised $26 million in a Series A funding round led by US investor Left Lane Capital, with participation from Balderton Capital [Source: https://www.perk.com/series-a-funding-round-26m-leftlane-balderton/]. Following the acquisition of Yokoy, Perk (then operating as TravelPerk) raised $200 million in Series E financing, bringing its valuation to $2.7 billion. This substantial investment further accelerates the company's expansion into an integrated travel and expense management platform [Source: https://www.perk.com/press-release/travelperk-raises-200m-and-acquires-yokoy/]. The CEO and Co-Founder, Avi Meir, emphasizes the company's commitment to making business travel effortless and providing tools that reduce friction, allowing teams to concentrate on meaningful work [Source: https://www.perk.com/meet-perk/].

Perk (perk.com) offers an intelligent platform that integrates travel, spend, and event management, designed to automate and streamline these processes for businesses. The platform aims to eliminate duplicate data, blind spots, and manual chasing by connecting trips, expenses, and invoices within a single system. Users can start with specific modules and expand to unlock the full potential of the integrated platform, with a focus on real-time visibility, tighter controls, and an end to juggling multiple tools [perk.com/platform/].

Perk emphasizes simplifying cash management, improving productivity, and maintaining budget oversight through its intuitive, AI-powered spend management suite [perk.com/spend-solutions/].

Perk provides three distinct subscription plans for its Travel Module: Starter, Premium, and Pro [perk.com/legal-uploads/251104-Perk_ProductServiceCatalogue-en.pdf]. The Starter plan is available at $0/month. The Premium plan costs $99/month, plus an additional 3% per booking. The Pro plan is priced at $299/month, also with a 3% per booking fee. Account admins can upgrade their company's pricing plan at any time directly from their account [support.perk.com/hc/en-us/articles/21926008835356-Choose-and-change-your-pricing-plan].

Each plan offers varying features. The Premium plan includes access to global inventory, information on travel restrictions, up to 10 travel policies, advanced travel reporting, cost objects with budget tracking for up to 5 budgets, single sign-on (SSO), HR integrations, and one group and event management software. The Pro plan also includes global inventory access and offers additional advanced features. Both Premium and Pro accounts have access to Perk's FlexiTravel policy, which provides 80% money back for canceled flights, hotels, cars, or trains, covering bookings for up to 8 people [perk.com/pricing/][support.perk.com/hc/en-us/articles/21925998530844-Understanding-FlexiTravel]. Furthermore, expense management can be added to both Premium and Pro plans with the Perk Spend tool [support.perk.com/hc/en-us/articles/21926008835356-Choose-and-change-your-pricing-plan].

Perk (formerly TravelPerk) is demonstrating robust growth and strategic expansion, reflected in its active recruitment efforts. The company currently lists over 150 open roles, indicating a sustained hiring drive across various departments [perk.com/careers/]. This significant number of vacancies suggests a company in a hyper-growth environment, aiming to expand its workforce to meet increasing demand and fuel innovation [perk.com/job-application/?ashby_jid=63640e2e-740c-4810-a9bf-cc7f92dcd330].

A deep dive into Perk's job postings reveals a clear focus on enhancing its core offerings: travel and spend management. Key openings include numerous positions for Software Engineers across various specializations like Spend, Policy & Control, and Flights, with roles available in locations such as Boston [perk.com/job-application/?ashby_jid=40f7d6a7-1499-430b-8953-5cbb0d3e1be2, perk.com/job-application/?ashby_jid=fec77203-4426-433b-a96b-8dc511604436, perk.com/job-application/?ashby_jid=64b6b3cd-9b79-4998-a48f-f7b6cbc7ea1b, perk.com/job-application/?ashby_jid=a2766182-f5e5-4fc3-b588-fda583094f26]. This emphasis on engineering talent underscores Perk's commitment to developing and refining its intelligent platform to automate travel bookings, expenses, and invoice processing, ultimately eliminating shadow work for businesses [perk.com/].

Beyond engineering, Perk is also heavily investing in customer-facing roles and data capabilities. Openings for Customer Care Agents, Specialists, and Advisors, including those with German language proficiency, highlight the company's dedication to providing comprehensive support to its growing customer base across different regions [perk.com/careers/, perk.com/job-application/?ashby_jid=4ca2d9f6-74c2-497c-a3e1-5bb08a101048, perk.com/job-application/?ashby_jid=da19ed4a-3983-473c-bb91-203155907f63]. Furthermore, the recruitment of Data Analysts and Data Governance Specialists (e.g., in Barcelona and London) signals a strategic move to leverage data for improved decision-making and product development [perk.com/careers/, perk.com/job-application/?ashby_jid=4ca2d9f6-74c2-497c-a3e1-5bb08a101048, perk.com/job-application/?ashby_jid=da19ed4a-3983-473c-bb91-203155907f63]. The role of Senior Account Executive, Spend (GTM Launch) specifically indicates Perk's aggressive expansion of its Spend management platform into the US market, following its acquisition of Yokoy, solidifying its mission to unify financial workflows for companies [perk.com/job-application/?ashby_jid=6db9c603-5b55-4a01-a3ea-0421cd1bbbda]. This aggressive hiring, particularly for roles supporting new market entry and product integration, strongly signals a forward-looking strategy focused on global expansion and continued innovation in the travel and spend management sector.

Perk, formerly known as Yokoy, has demonstrated robust financial growth and successful fundraising, positioning itself as a leader in the travel and spend management sector. In 2024, the company saw its revenue grow by 60% and doubled its gross margins, largely attributed to becoming an AI-native company and expanding its US operations through the acquisition of AmTrav. Entering 2025, Perk continued its upward trajectory with a 48% revenue growth, reflecting strong conviction in its vision to build a leading AI-native platform for travel and spend management. The company also secured a significant $300 million credit facility, replacing a prior facility, which further underscores its financial health and potential for global expansion.

Perk has been highly active in fundraising and acquisitions. The company initially raised $26 million in a Series A funding round, led by US investor Left Lane Capital and supported by Balderton Capital. In a pivotal move in January 2025, Perk (formerly TravelPerk) raised $200 million in Series E financing, which propelled its valuation to $2.7 billion. This round facilitated the acquisition of Yokoy, a prominent spend management platform, allowing Perk to offer a more unified travel and expense solution and expand its market opportunities. This acquisition also accelerated Perk's expansion into the US market and further investment into product development and AI technology. Prior to this, in 2023, Perk secured over $100 million in funding led by SoftBank Vision Fund 2, with continued support from existing investors like Kinnevik and Felix Capital. This investment was intended to drive growth, product expansion, and accelerate gross profit, which had seen a 90% increase in FY23, with annualised booking volumes approaching $2 billion.

The company's valuation milestones highlight its rapid ascent.

Perk hit a $1.3 billion valuation as business travel rebounded, which later doubled to $2.7 billion. SoftBank's investment of $104 million further cemented confidence in Perk's strategy to leverage AI in corporate travel. These significant funding rounds and strategic acquisitions, including Yokoy, demonstrate Perk's aggressive growth strategy and strong financial backing, enabling it to expand its intelligent platform for travel and spend management globally.

Perk (perk.com) actively engages with its audience through various events, including a series of invite-only Perk Roadshow events. These roadshows, such as those held in Amsterdam on April 15 and Zurich on April 23, 2026, and Madrid on March 24, 2026, focus on revealing new research on shadow work—the invisible tasks that hinder team performance and growth. Attendees at these exclusive events gain insights into how to reduce these tasks and improve productivity, with data shared from Perk's study with Forrester Consulting.

Beyond roadshows, Perk is also a significant player in the events management space with its AI-powered Perk Events solution. This platform, launched on January 14, 2026, automates every aspect of team event planning, from venue selection and travel arrangements to attendee management and communication. It's designed to simplify organizing and overseeing group travel and events for anywhere from 9 to 5,000 people, leveraging AI and human expertise to streamline complex workflows.

Perk Events is a key innovation from the company's Real Work Incubator, a dedicated team focused on using automation and AI to eliminate shadow work.

The Perk Events platform consolidates all event planning and group travel needs, offering a free-to-access, all-in-one solution for company off-sites, team meetings, and other events. This comprehensive module provides real-time visibility, tighter controls, and eliminates the need for multiple tools, integrating seamlessly with Perk's broader platform for travel and spend management. It empowers organizers to source venues, manage bookings and budgets, and allows guests to handle their own arrangements, ultimately removing the hidden tax on company growth caused by inefficient event planning.